Purchase prices for grains continued strengthening on Bulgaria’s domestic market last week. The Bulgarian national currency strengthened against the U.S. dollar over the week, though its growth was slight. The domestic grain market is propped up by reviving demand not only from millers but also from traders. The market purchasing operations are assessed as active.…Details
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BP Azerbaijan company plans to suspend gas output at the Shah Deniz platform in 2017 due to technical-preventive, repair and adjustment work at the Sangachal terminal, Bakhtiyar Aslanbayli, communications, external affairs, strategy & region vice president at BP Azerbaijan, reported. In 2017 it is planned to carry out repair and adjustment work on a section…Details
BP and the Azerbaijani state oil company SOCAR are discussing the plans on oil production at the Azeri-Chirag-Guneshli (ACG) block of oil and gas fields for 2017, Bakhtiyar Aslanbayli, BP vice president for communications, external affairs, strategy and region, reported. The annual production plan has not been approved yet and it is difficult to talk…Details
Azerbaijan will start accepting applications from investors wishing to work in its free trade zone (FTZ) in March 2017, Eugene Seah, chief operating officer of the Baku International Sea Trade Port, said. Preparation is now underway in the run-up to the start of accepting applications from companies interested to operate in the FTZ. Azerbaijan’s President…Details
According to the information of the State Statistics Service, Ukraine’s reserves of grains and pulses totaled 27.11 MMT as of November 1, down by 12% YoY (31.71 MMT). Wheat stocks decreased by 16% to 12.13 MMT against 14.44 MMT as of November 1, 2015. Corn stocks shrank by 18% to 10.54 MMT, as harvesting in…Details
The Republic of Belarus has become the latest member of IMO, following the deposit of an instrument of acceptance of the Convention on the International Maritime Organization with the Secretary-General of the United Nations on November 29, says IMO. With the acceptance of the Convention by Belarus, the number of IMO Member States stands at…Details
Azerbaijan’s Energy Minister Natig Aliyev could participate in OPEC’s December 9 meeting with non-OPEC countries, Energy Ministry has said in a message. Aliyev will take part in the meeting in case a relevant invitation is received and it is decided that participation is expedient. “I believe the meeting will determine volume of production cut by…Details